On the surface, today's selloff in gold has all the earmarks of a dollar-related move. After all, the Dollar Index has risen nearly 2% over the past two days. Couple that with the standard Friday jitters, its only natural for support levels to be breached today. However, Oppenheimer's chief market technician Carter Worth says today's action all part of a bigger technical move. "A multi-year bull market has transitioned to a bear market," Worth says, and "the backing and filling of late is the normal setup for the next leg down." [View news story]
The trend is down; no brainier.
Technical support seems to be at $120 for GLD and for physical Gold at $1,200.
Why A Stock Market Bubble Is Forming Right Now [View article]
The 2008 meltdown was caused by unbridled optimism, greed, and excessive debt. A few folks even hanged themselves. Nothing much seems to have been learned.
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
June,
I believe good old Lew the coffer (empty) keeper said that it the ceiling won't be hit till September 04 Labor Day. Since he is the one keeping tabs on the balance sheet (all red) I do suppose he knows what he is talking about. BTW this issue had been so eerie quiet for the past two months or so. Suspect.
April was north of $100B surplus, thanks to boomers handing in large sums of taxes due for tax year 2012 on their IRA's, myself included.
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
But the wonder boy is in firm control.
The wonder boy is a trend like the Yo-Yo, the Levi Jean; we are now Africa hot!
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
Joe,
I have no problem with that, I think our robust economy and the vibrancy of the American people could withstand that (easily); but it is wise to tapering it off, slowly...
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
I concur with F&G; it is very bullish still, the wonder boy and the professor are having the greatest time of their lives.
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
$85B a month if kept going for another year, would amount to $85x12= $1.02B. This is a lot of money much like equal to our annual GDP growth. Despite what folks preached about 'monetized', the bottom line is that this $1.02 is in fact a loan.
Debt is like a millstone tied around one's neck, says the Scriptures.
If run out of control, it could become treacherous.
Gary Kain-led American Capital Agency (AGNC -2.8%) and American Capital Mortgage (MTGE -2%) lead the decline in an all-red mREIT sector (MORT -1%) today, with AGNC taking out its post-earnings low from last week. On the earnings call, Kain said upward pressure on rates had cooled to start Q2 and book value was headed higher, but markets may not be cooperating. The 10-year yield is up 8 bps today to a near 2-month high. Others: Annaly (NLY -1.2%), Invesco (IVR -1.2%), MFA (MFA -1.8%), Western Asset (WMC -1.3%). [View news story]
Rates rise is inevitable now; because house prices are heating up. If the brakes are applied too late by the Fed it would become a major disaster.
The Good News, The Bad News And What's Very Ugly [View article]
Accelerated plundering at its BEST!
Long live the wonder boy and the professor!
On the surface, today's selloff in gold has all the earmarks of a dollar-related move. After all, the Dollar Index has risen nearly 2% over the past two days. Couple that with the standard Friday jitters, its only natural for support levels to be breached today. However, Oppenheimer's chief market technician Carter Worth says today's action all part of a bigger technical move. "A multi-year bull market has transitioned to a bear market," Worth says, and "the backing and filling of late is the normal setup for the next leg down." [View news story]
Technical support seems to be at $120 for GLD and for physical Gold at $1,200.
Getting there!
Why A Stock Market Bubble Is Forming Right Now [View article]
Awesome!!!
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
Sorry for this.
Why A Stock Market Bubble Is Forming Right Now [View article]
He's got the whole world in his hands.
Why A Stock Market Bubble Is Forming Right Now [View article]
(Last stanza of the La Marseilles.)
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
I believe good old Lew the coffer (empty) keeper said that it the ceiling won't be hit till September 04 Labor Day. Since he is the one keeping tabs on the balance sheet (all red) I do suppose he knows what he is talking about. BTW this issue had been so eerie quiet for the past two months or so. Suspect.
April was north of $100B surplus, thanks to boomers handing in large sums of taxes due for tax year 2012 on their IRA's, myself included.
The Good News, The Bad News And What's Very Ugly [View article]
Thanks! Sounds great to me. Good to be educated. Looks like that is what I would do moving forward.
Greatest advice received ever since I last joined this forum in 2008.
TK
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
The wonder boy is a trend like the Yo-Yo, the Levi Jean; we are now Africa hot!
The Good News, The Bad News And What's Very Ugly [View article]
Like to hear your views on this though.
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
I have no problem with that, I think our robust economy and the vibrancy of the American people could withstand that (easily); but it is wise to tapering it off, slowly...
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
Long live the wonder boy and the professor!
The rumored Hilsenrath "tapering" story - originally expected to come out late Thursday - instead came out after yesterday's market close. It's mostly a summary of what's already known - that Fed officials plan to reduce asset purchases in steps, the timing of which is still being debated. The article leans heavily on Richard Fisher and Charles Plosser, two well-known hawks (and non-voters on the FOMC this year) who would have already tightened if it was up to them. A number of Fed speakers - including Bernanke - are set to speak next week. [View news story]
Debt is like a millstone tied around one's neck, says the Scriptures.
If run out of control, it could become treacherous.
Gary Kain-led American Capital Agency (AGNC -2.8%) and American Capital Mortgage (MTGE -2%) lead the decline in an all-red mREIT sector (MORT -1%) today, with AGNC taking out its post-earnings low from last week. On the earnings call, Kain said upward pressure on rates had cooled to start Q2 and book value was headed higher, but markets may not be cooperating. The 10-year yield is up 8 bps today to a near 2-month high. Others: Annaly (NLY -1.2%), Invesco (IVR -1.2%), MFA (MFA -1.8%), Western Asset (WMC -1.3%). [View news story]
The Good News, The Bad News And What's Very Ugly [View article]
Keep going, wonder boy, professor, 'Hope and Change'; 'Hope and Change'.
It could turn into 'Nightmare and Hell'.